1985 Year

Citing its start-up costs CompuSave Corp. of Irvine has announced that it lost nearly $4.8 million in its 1985 fiscal year ended May 31. The company went public in 1984 and there are no fiscal 1984 figures for comparison. Despite the loss, president Roger Miller said CompuSave executives are "extremely pleased with our accomplishments over the past year." The company manufactures an electronic, discount mail-order machine for supermarkets and other stores.

The United States Soccer Federation wants to bring back a national professional outdoor league. Federation President Alan Rothenberg announced Wednesday that a 16-member committee has been appointed to develop plans for an outdoor league. The last nationwide professional league was the North American Soccer League, which folded in 1985.

This fall 4,852 freshmen are expected to enroll at UCLA, but only 96, or 2%, are African American -- the lowest figure in decades and a growing concern at the Westwood campus. For several years, students, professors and administrators at UCLA have watched with discouragement as the numbers of black students declined. But the new figures, released this week, have shocked many on campus and prompted school leaders to declare the situation a crisis.

America's foreign debt burden soared to $532.5 billion in 1988, pushing the United States further into hock as the world's largest debtor country, the government reported today. The Commerce Department said the new debt total was $154.2 billion higher than the $378.3 billion in debt to foreigners that the United States owed at the end of 1987. The debt figure means that foreigners own more in U.S. assets than Americans own abroad. For 1988, the government reported that foreign holdings in the United States increased 15.4% to $1.79 trillion.